Open fund of US$100 million for solar and storage in emerging markets launched by Sonnedix founder

Franck Constant, the co-founder of Sonnedix Group and director of Sithe Pacific. Credit: Tom Kenning An open fund for solar energy and energy storage in various emerging markets has been launched by Franck Constant, the co-founder of Sonnedix Group and director of Sithe Pacific, PV Tech can reveal. The new fund named ‘Constant Energy’ aims to reach US$100 million by the end of 2017 and while predominantly aimed at solar, it will have 20% focused on energy storage, Constant told PV Tech at the Solar & Off-Grid Renewables event in Bangkok. Target nations in Asia include Thailand, Malaysia, Indonesia, Laos, Cambodia, Myanmar, Korea, Taiwan, as well as selected African markets such as South Africa and possibly Kenya, depending on how the market evolves. Several of these countries have had regulation and policies favourable to PV deployment evolve at a slower pace to neighbours...